The Subsidy for Salvadoran Exports

The possible elimination of the 6% subsidy on exports has led the Corporation of Salvadoran Exporters to discuss other options.

Thursday, May 28, 2009

The benefit received by the export sector from the government is 6% of the value of non-traditional exports outside Central America and it will expire in December. For the Salvadoran government, this subsidy represents a disbursement of $23 million.

According to Elsalvador.com, Silvia Cuéllar, executive director of the Corporation of Salvadoran Exporters (COEXPORT), said: "We are constructing (the outline). Our position is to maintain the 6% subsidy, but if the idea is to dismantle the proposal, we must seek other support that can compensate for the loss, and everything will depend on each particular export feature. I cannot give you an outline for the entire world."



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El Salvador and the Pacific Alliance

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The entry being prepared by the government into the Pacific Alliance will bring more market opportunities but also the requirement for more competition.

Currently the country is an observer of the Pacific Alliance and it is possible that at some point it will become part of the block, but that will not happen anytime soon.

Honduras' Foreign trade up to December 2012

April 2013

FOB exports of general goods registered growth of 10.5%, while CIF imports of general merchandise increased by 5.4%.  

Summary of the Report on General Merchandise Foreign Trade, by the Central Bank of Honduras:

FOB exports of general goods recorded a growth of 10.5% in December 2012, attributed to an increase of $305 million in exports of non-traditional products and $113.3 million in traditional products.

Tariff Benefits with Europe at Risk

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If the Salvadoran Constitution is not amended so that it is in accord with ILO requirements, the country would lose GSP benefits.

In order for El Salvador to continue enjoying the Generalized System of Preferences (GSP) tariff benefits, Articles 47 and 48 of the Salvadoran constitution must be amended so that they will be in agreement with International Labor Organization (ILO) pacts regarding unionization and collective bargaining in the state sector.

Costa Rica sets long-term goal of boosting trade with Andes

April 2008

Costa Rica is looking to hold trade negotiations in the future with Peru and Colombia, Trade Minister Marco Vinicio Ruiz said. But first the United States will have to ratify its free trade accord with Colombia, he added.

Once trade agreements are in place between the US and Peru and Colombia, Costa Rica will seek to benefit from common rules of origin.

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